Olam Secures $150mn Club Loan; CICT Planning $146mn Private Placement
Singapore-based food and agri-business company Olam International announced that it has secured a $150mn club loan that could fund the demerger and IPO of its new operating company Olam Food Ingredients (OFI). This comes about four months after the company...
CICT Makes Foray Into Aussie Market With Two Office Buildings Worth $232mn
CapitaLand Integrated Commercial Trust (CICT) made its foray into the Australia market with an acquisition of two Grade A office buildings worth A$330.7mn ($232mn) in Sydney via its indirectly wholly-owned subsidiary. This is CICT’s first project in Australia...
CapitaLand Divests Stake in One George Street
CapitaLand Integrated Commercial Trust’s (CICT) announced that the trust will divest its stake in One George Street to SG OGS, a private company, at a valuation of S$1.28bn.CICT will receive ~S$640.7mn, or 50% of the consideration for the sale. SG OGS has paid...
